"Take a new look at your deductibles for car and homeowners insurance," says Julie Murphy Casserly, CFP and author of "The Emotion Behind Money."
"See if you've built up enough savings so that you don't need a $250 deductible but can go up to $1,500 deductible and decrease what you're paying to your insurance company every month in premiums," she says.
Increasing your deductible to $1,000 could reduce your premium by up to 25 percent and save money, she says. On a $500 premium, that could mean pocketing more than $100 in savings this year.
Potential savings: more than $100.